Precious metals are apparently waking up. And here is where you can find the best deals.
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After ramping gently overnight, US equity markets are dumping as markets open, erasing all gains from the Boxing Day spike...
Gold has rallied through the last weeks of 2019 and has pushed back above the $1,500 per ounce mark. The yellow metal is on pace to finish the year up close to 18%. And there is a lot of optimism that gold will continue to shine in 2020.As we look ahead to the new year, here are five reasons gold may well skyrocket in 2020.
Petrodollar Shock: "There is a discussion on whether to invest the fund’s money in gold and precious metals. There are a lot of supporters and opponents" - Russian foreign ministry.
Gold held onto gains from its end-of-year rally as the dollar weakened and funds plowed more money into bullion-backed exchange-traded funds.Gold nudged higher, gaining for the fifth time in six sessions. Spot prices are up 18% in 2019.
The Fed could be more unified in 2020, with two dissenters no longer voting, but the central bank has new challenges in 2020, including possible inflation.
These strategies sound cold but they could be the best way to melt down credit card debt.
If something cannot go on forever, it will stop.This seems self-evident, but as Jim Rickards noted in a recent article about the ever-growing levels of debt, people tend to ignore this indisputable truth.Total global debt reached a record of over $250 trillion in the first half of 2019, according to an Institute of International Finance report published in November. Global debt surged by $7.5 trillion through the first half of the year. "With no sign of a slowdown, we expect the global debt load to exceed $255 trillion in 2019, largely driven by the US and China."
On Wall Street and across Corporate America it arguably should be tagged as the “Decade of Debt.”
The Treasury Department will have to borrow $1 trillion to pay for the government's growing budget deficit.
Dec 30, 2019 - 05:52:25 PST
The pain kept coming for hedge funds in 2019: if they weren’t being killed off, they were bleeding cash or wringing out dismal returns.The industry is now on track to record more closures than launches for a fifth straight year, a blow to a market that once minted millionaires at a heady
The firm says they’ve “never been ‘gold bugs,’ but it seems appropriate to hold gold if there is a secular contraction in globalization.”
On the precipice of a new decade, the signs of global recession are getting clearer. The United States is not yet in a textbook definition of a recession yet, being two consecutive quarters of nominal GDP contraction
So is China readying its own Bitcoin? Banish the thought.It’s far bigger than that. Yes, just like any other cryptocurrency — or for that matter, cigarettes in prisoners-of-war camps — the upcoming digital yuan will be “tokenized” money. But the similarity ends there. The crypto
The Federal Reserve may need to keep buying Treasurys and continue its actions in the repo market after the start of the new year, former Atlanta Fed President Dennis Lockhart said.
True to his Dr. Doom moniker, Nouriel Roubini believes that vulnerabilities in the system are currently hidden and will emerge when the next economic downturn occurs.
According to the People’s Bank of China (PBOC)’s “2019 China Financial Stability Report,” 586 out of 4,379 Chinese lenders were officially deemed to be “high risk”.
The auto industry in 2019 is starting to look a lot like the subprime mortgage market in 2007...
...even if you're making okay money, well, you've been priced out of most real estate markets -- and you might end up in these ten affordable counties.
Student loans have become a defining feature of American life. Over the past decade, these loans have made it harder for people to purchase houses, start businesses and families, save or invest.
It was another rough year for retail considering bankruptcies that have shaken out in 2019; Forever 21, Barneys New York, Charlotte Russe and Fred's, among them.